Tumwater Hill Homes with 10 - 1 Story Style

Tumwater Hill Homes with 10 - 1 Story Style

Welcome to the charming neighborhood of Tumwater Hill in Olympia, Washington! Nestled in Thurston County, this picturesque area offers a perfect blend of natural beauty and modern conveniences.

Tumwater Hill is known for its stunning views of the surrounding landscape, with many homes situated to take advantage of the panoramic vistas. If you're looking for a home with a one-story style, you're in luck - this neighborhood boasts a variety of properties that fit the bill. From cozy cottages to spacious ranch-style houses, there's something for everyone in Tumwater Hill.

Living in Tumwater Hill means you'll have easy access to a range of amenities, including shopping centers, restaurants, and outdoor recreational opportunities. The community has a welcoming atmosphere, making it a great place to put down roots and become part of a close-knit neighborhood.

Whether you're looking for a peaceful retreat or a place to raise a family, Tumwater Hill offers the best of both worlds. With its convenient location and beautiful homes, it's no wonder why this neighborhood is a sought-after destination for homebuyers in Olympia, Washington. Come and discover the beauty and charm of Tumwater Hill - your perfect one-story home may be waiting for you here!

Newest Tumwater Hill Homes with 10 - 1 Story Style

$539,000
4 Beds 2 Baths 2573230 MLS ACTIVE Status
Two homes in one great property! Recently refreshed 3-bedroom main home is warm and inviting, with a fully detached 1-bedroom, 1-bath ADU offering a second, completely separate place to live or rent. Just off Tumwater’s historic core, near the Craft District, Brewery Park at Tumwater Falls, parks, trails and local schools, this is one of those properties where the options are the story. Live in the main home and rent the ADU. Live in the ADU and rent the larger home. Or rent both and let the numbers work for you. Current combined rents are $4,532/month, or $54,384/year. Seller-provided figures show $45,313 NOI and an approx. 8.4% cap rate based on current offering terms. Even with 20% down and conventional financing, current income and expenses show potential for positive cash flow. For an owner-occupant, rental income could offset a meaningful part of the monthly payment. For an investor, you have two rentable homes with established income. Major updates throughout! Roof of the ADU is brand new, and windows in the main house have been replaced. The location makes everyday life easy, with recreation, restaurants, schools and downtown Olympia nearby, plus direct access to I-5 for commuting north or south. Spend the morning walking Tumwater Falls, head to the Craft District for dinner. Two detached homes, established income, everyday livability and more than one smart way to own it. Investor, first time buyer or downsizing? This is the property you have been waiting for!

101 2nd Avenue SW, Olympia

Listing courtesy of Coldwell Banker Evergreen.

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